On May 12, 2025, the Company initiated a restructuring plan designed to improve operational efficiencies, reduce operating costs, better align the Company's workforce with top strategic priorities and key growth opportunities, and exiting over time some of the Company's lower margin products outside of the ADAS application (the "2025 Restructuring Plan"). The 2025 Restructuring Plan includes, but is not limited to, consolidation of facilities, reduction of workforce in various geographic locations, impairment of certain intangible assets related to intellectual property licenses and early termination of certain contractual obligations.

The 2025 Restructuring Plan is deemed to be fundamentally different from the Company's ongoing productivity action due to its size, nature and frequency. As a result, all pre-tax charges related to such initiatives are separately reflected in Restructuring costs in the condensed consolidated statement of operations for the three and six months ended June 30, 2025. Liabilities associated with the 2025 Restructuring Plan are separately reflected in Accrued payroll liabilities and Accrued expenses and other current liabilities in the condensed consolidated balance sheet for personnel and non-personnel related charges, respectively. During the three and six months ended June 30, 2025, the Company recorded total restructuring charges of $7,107, most of which was related to personnel costs and impairment of long-lived asset. The following table summarizes the provisions, respective payments and remaining accrued balance for charges incurred as of June 30, 2025:


	Personnel Cost			Long-Lived Asset Impairment			Other Exit Costs		Total
Balance as of December 31, 2024	$	—		$	—		$	—	$	—
Provision for net charges incurred		3,697			3,260			150		7,107
Cash payments		(1,264	)		—			—		(1,264	)
Non-cash reductions		—			(3,260	)		—		(3,260	)
Other adjustments		—			—			—		—
Balance as of June 30, 2025	$	2,433		$	—		$	150	$	2,583

The Company expects the 2025 Restructuring Plan to be substantially executed by the end of 2025, which will likely result in additional expenses during periods post June 30, 2025. Further, the Company may incur additional expenses due to unanticipated events that may occur in connection with the implementation of the 2025 Restructuring Plan and there is no guarantee that the Company will be able to realize the anticipated benefits of the 2025 Restructuring Plan.